Pune, India, January 9, 2018/MRFR Press Release/- Market Research Future published a Half Cooked Research Report on “Global Bio Polymers Market Research Report - Forecast to 2023”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
BASF SE, Braskem S.A, Biome Technologies Plc, Plantic Technologies Limited, Bio-on S.p.A., Novamont S.P.A, Toray Industries Inc, Tianjin GreenBio Materials Co., Ltd, Danimer Scientific, Rodenburg Biopolymers among others are some of the prominent players at the forefront of competition in the Global Bio Polymers Market and are profiled in MRFR Analysis.
Bio Polymers Market – Overview
Bio Polymers are predominantly utilized in numerous end use industries such as agriculture, packaging, pharmaceutical, construction, automotive, and others. Bio Polymers market is predicted to witness strong growth owing to rising demand for premium food packaging and bottles across the globe. Among end use segment, packaging is predicted to register strong growth in the upcoming future due to rising demand of films, and bottles across the globe. Furthermore, rising automotive production and sales along with the increasing use of biopolymers in the manufacturing of automobile parts is predicted to fuel the demand of biopolymers over the forecast period.
Industry/ Innovation/ Related News:
September 2017- Earth Science Tech, Inc. announced an agreement with Axcelon Biopolymers Corp. for the distribution of their Nanoderm Biopolymer products in Djibouti and Morocco. Nanoderm product is widely used in clinics, hospitals, and the general public for numerous wound treatments including scratches and burns. With this agreement, the company increased its presence in North African countries.
November 2016- Corbion NV, the Dutch company and Total SA announced to construct a PLA factory with a capacity of 75,000 tons at Corbion’s existing site in Thailand. The new plant started operation in the first quarter of 2017. The joint venture will utililize Total’s technical and marketing knowledge and Corbion’s expertise in lactic acid and biopolymers, which will further accelerate the growth of these two companies.
Competitive Landscape:
The Bio Polymers report has analysed the level of competition among the key operating players as well as manufacturing sector growth and market scenario. The global bio polymers market comprises of various manufacturers operating in the market which comprised of large scale and medium size manufacturers. This market is at its growing phase, which represent above average stats in terms of market and overall volume. Some of the prominent market players operating in the global bio polymers industry has shifted their focus towards growth association specifically by Asia Pacific as medium scale and small scale manufacturers are from this region specifically from China, South Korea, India, Indonesia, Malaysia, and Japan. Furthermore, the major operating players have shifted their focus on extending their product portfolio by strategic acquisition and mergers, joint ventures, product launches, and exclusive agreements. Some of the companies are expanding their manufacturing capacity of bio polymers to meet the rising demand for bio polymers. Furthermore, some of the manufacturers has launched a series of product to enhance their position in the market.
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